Bhubaneswar: Enforcement Directorate (ED) on Tuesday attached properties worth Rs 12.64 crore of Pradip Sethy, CMD of Artha Tatwa (AT) Group in connection with the chit fund scam.
Earlier, properties to the tune of Rs 120.55 crores held in the name of AT Group and its officials were attached by ED.
Also Read: ED attaches over Rs 13.30 crores of AT group
The properties include assets of AT Group and its employees Sambit Khuntia, Rahul Kanwal and Manindar Parmanik that were transferred to several unrelated entities and individuals.
The AT Group CMD is accused of duping investors by collecting money promising high returns. Later, the money was invested in movable and immovable properties in several parts of Odisha.
The investigating agency also revealed that Pradip Sethy had also changed the record of rights of a property belonging to a religious institution. This was intentionally done to escape attention and dispose it off to another person who was not linked to AT Group.
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